First Round Capital Couldn’t Choose Between ‘Call Me Maybe’ and ‘Gangnam Style’ for Its Holiday Video

Venture capital dollars at work!

We thought for sure First Round would go with “Gangnam Style,” Silicon Valley favorite. But apparently, the spray-and-pray strategy favored by investors also applies to parodying viral hits. Hence the cost of doing business with First Round also means aping Bieber protégés. Gotta say, that production quality doesn’t look very “run super lean eat the ramen,” as the founder getting his head bopped on by someone else’s crotch croons.

If you’re wondering why some people say, “the past five years or so of startup mania has been insufferable and obnoxious and annoying,” here is one example.Read More

Betabeat is now the newly launched Innovation section of the Observer. All your favorite features and columns—as well as exciting new areas of tech coverage—can now be found at Observer.com/Innovation.

Don't miss the latest and best writing on technology and the future of business innovation. Add the Innovation section to your RSS feed and follow the Observer on Twitter and Facebook.